Unlike the SYR renounceable rights issue in 2015 when CSE renounced its rights and received a handy sum for doing so, the current SYR rights issue is non-renounceable. So, in the likely absence of funds to take up its rights, I suspect CSE may have to accept a notional 15% dilution in the relative size of its SYR holding.
zeno9
CSE under-valued, page-3
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